By Laura Contemori – ROME (Econostream) – The German Finance Agency (Finanzagentur) allotted a combined €4.426 billion of Federal Treasury discount paper (Bubills) on Monday across two 12-month lines.
The agency allotted €1.930 billion of reopened Bubills maturing November 18, 2026 and €2.496 billion of a new Bubill maturing May 12, 2027.
Total bids reached €11.548 billion, with €7.301 billion of competitive bids and €4.247 billion of non-competitive bids.
The November 18, 2026 Bubill was issued at an average yield of 2.257%, a bid-to-cover ratio of 3.4 and a retention quota of €69.75 million.
The May 12, 2027 Bubill was issued at an average yield of 2.482%, a bid-to-cover ratio of 2.0 and a retention quota of €503.92 million.
The November 2026 line was reopened by €2.0 billion, bringing the total outstanding volume to €8.5 billion from €6.5 billion, while the new May 2027 line was launched with a total issue volume of €3.0 billion.
